FXStreet (Delhi) – Research Team at Danske Bank, suggests that in the US, focus will be on the FOMC minutes from the October meeting due on Wednesday where we will get more details on why the Fed flagged a clear tightening bias. Key Quotes “The FOMC revealed that it will determine “whether it will be appropriate to RAISE the target range at its NEXT meeting” (our emphasis). We think that with the strong job report FOMC will consider a hike “appropriate” but it will be interesting to see what conditions made the FOMC flag a tightening bias before the strong job report. This could be indicative of how many further hikes to expect next year if the FOMC decides to start the normalisation at the December meeting as expected.” “We expect four additional hikes next year, i.e. five hikes in total from now until end-2016, in line with current median Fed projections. Currently, the market prices three hikes from now until end-2016.” For more information, read our latest forex news.